Eni

Egypt Promises To Repay $800m Eni Debt

VENTURES AFRICA – Italy-based firm, Eni, on Wednesday said it had obtained a commitment from Egypt that the troubled country would repay the $800 million it owed the oil and gas giant sooner. Paolo S...
Agriculture in Egypt

Egypt Focused On Farmer Support Plan

VENTURES AFRICA – The Egyptian government has allocated EGP 473.2 million ($67.6 million) in the budget of fiscal year 2013-2014 to extend support to farmers. Last year, the government had spen...
Mohammed Mursi

Cairo Stock Market Plunges

VENTURES AFRICA – The Cairo stock market was heavily battered on Sunday shedding 10 percent on the back of widespread violence which erupted after President Mohamed Mursi’s gave himself n...
Mohammed Mursi

Egypt In $4.8 Billion Loan Pact With IMF

VENTURES AFRICA – Egypt reached a preliminary pact with the International Monetary Fund (IMF) for a $4.8 billion loan, it was announced on Wednesday. This has been seen as a vital step to supporting...
Mohammed Mursi

Egypt Progresses With $8b Projects

VENTURES AFRICA – Egypt on Monday announced 14 projects worth $8 billion, earmarked to develop its southern areas and the Suez Canal region in a move to generate jobs and attract investors into the s...